SEC Elects Acting Chief
For New Oversight Board

The Securities and Exchange Commission elected Charles D. Niemeier as acting chief of the new accounting-oversight board just in time for the panel's first official meeting Thursday.

In a 4-1 vote Wednesday, the commission's members approved the appointment of Mr. Niemeier, one of the oversight board's current members and the former chief accountant for the SEC's enforcement division. Mr. Niemeier couldn't be reached for comment.